Suze Orman: Investment Inflation

Meaning of Suze Orman Money Quote: saying successful investment requires a diversified portfolio so it can avoid the effects of inflation. Suze Orman said:
 

 

“Every portfolio benefits from bonds; they provide a cushion when the stock market hits a rough patch. But avoiding stocks completely could mean your investment won’t grow any faster than the rate of inflation” — Suze Orman

In this quote, Suze Orman is advising that including bonds in one’s investment portfolio provides important benefits. While stocks offer higher potential returns, they also carry more risk since their values can fluctuate greatly. Bonds provide stability and help cushion losses when the stock market declines.

However, she also cautions that avoiding stocks altogether means your investments are unlikely to outpace inflation over the long run. So the best approach is a balanced mix of stocks and bonds – stocks for growth potential and bonds to provide some downside protection and stability.

John Bogle: Stock Market Loss

Meaning of John Bogle Money Quote: saying it should be expected to see wild swings in the stock market. John Bogle said:
 

 

“If you have trouble imagining a 20% loss in the stock market, you shouldn’t be in stocks” — John Bogle

In this quote, John Bogle seems to be advising that individuals should only invest in stocks if they have a sufficiently long investment time horizon and high risk tolerance. Some key points:

• Bogle notes that anyone who has significant difficulty envisioning or accepting the potential of a 20% drop in the stock market at some point should not be investing in equities.
• He appears to be saying that only investors who understand short-term volatility is inevitable and have the fortitude to wait out downturns rather than panic-selling belong in the stock market.
• The quote implies that stocks are inherently risky assets which may experience sharp corrections, so they are not suitable for those who will be overly stressed by such inevitable short-term drawdowns.

Overall, Bogle seems to be cautioning that investing in stocks requires emotional preparedness to withstand sizeable temporary losses, as such fluctuations are a normal part of equity market cycles. His advice is that if the prospect of a 20% decline causes undue anxiety, one’s risk tolerance may be insufficient for the long-term ups and downs of the stock market.

Birthday: May 8, 1929 – Death: January 16, 2019

Phillip Fisher: Price & Value

Meaning of Phillip Fisher Money Quote: saying Investors know the difference between price and value, but not which is more important. Phillip Fisher said:
 

 

“The stock market is filled with individuals who know the price of everything, but the value of nothing” — Phillip Fisher

In this quote, Phillip Fisher is criticizing many participants in the stock market who are overly focused on short-term price fluctuations rather than long-term company fundamentals and intrinsic value. He suggests that while people may diligently track and know the precise price of various stocks, they have little understanding of the true underlying worth or “value” of the businesses and assets that those stock prices represent.

Fisher’s message conveys that the market often fixates too much on immediate price action instead of deep research and analysis to discern a company’s long-run potential and value proposition. This can lead the market to misprice stocks and be overly swayed by temporary trends instead of basing judgments on solid valuation.

John Mulaney: Stock Market

Meaning of John Mulaney Money Quote: saying it’s simpler to understand how savings accounts work. Stocks are more complex. John Mulaney said:
 

 

“All my money is in a savings account. My dad has explained the stock market to me maybe 75 times. I still don’t understand it” — John Mulaney

In this quote, John Mulaney seems to be humorously conveying his lack of investment savvy and risk tolerance when it comes to the stock market. Some key points:

• He states that all his money sits in a basic savings account earning little interest, rather than being invested.
• Mulaney acknowledges his father has tried explaining the stock market to him over 75 times, to no avail – implying he finds it complex and confusing.
• This suggests Mulaney prefers the low-yield security of cash over attempting to grow his wealth through the volatility and uncertainties of the market.
• There is an undertone of comedy in the quote as Mulaney jokes about his inability to grasp investing concepts even after his dad’s repeated efforts.

Overall, the quote portrays Mulaney’s self-deprecating perspective that while others see investing opportunities, he is content keeping funds safely on the sidelines in savings due to his limited risk appetite and comprehension of financial markets. The repeated explanation failures are part of the humor.

Ron Chernow: Broker Banker

Ron Chernow Money Quote saying savings for the wealthy have become financialized by brokers who risk money, rather than save it. Ron Chernow said:
 

 

“Once the brokerage house, rather than the bank, became the locus for American savings, that money would find its way into the stock market, because the broker was someone with a much higher tolerance for risk than the banker” — Ron Chernow

In this quote, Ron Chernow is contrasting how banks and brokerage houses differently approached managing people’s savings and investments. He notes that historically, banks were more conservative places that took people’s deposits but did not encourage much risk-taking.

However, when brokerage houses became a major place for Americans to put their money aside, more of those savings would enter the stock market. This is because brokers generally have a “higher tolerance for risk” than bankers when allocating funds.

So in essence, Chernow is observing that brokerages steered savings towards the volatile but potentially lucrative stock market, while banks traditionally kept funds out of such risky territories. The quote examines how the rise of brokerages influenced growing investment in the stock sector.

Robert Reich: Wall Street Pockets

Robert Reich Money Quote saying After Game stop stock Manipulation, Reich says it shows what the stock market is about. Robert Reich said:
 
 

 

“Wall Street and stock market are metaphors for a society rotting from self-indulgence, greed, widening inequality, and financial entrepreneurship that builds nothing, improves nothing, creates nothing, and solves nothing, but merely moves money from one set of pockets to another” — Robert Reich

In this quote, Robert Reich is harshly criticizing Wall Street and the stock market. He views them as metaphors or representations of a society declining due to self-indulgence, greed, growing inequality, and a type of financial system that does not actually produce anything of value.

Reich argues that Wall Street and the stock market primarily function to move money between different parties, without building, improving, creating or solving any real economic or social problems.

He seems to believe they enrich those involved not through meaningful productivity, but by transactions and speculation that fail to generate true wealth or benefits for society.

Overall, Reich presents Wall Street and the stock market as emblematic of a culture that prioritizes selfishness, greed and inequality over shared prosperity and progress.

Wall Street and stock market are metaphors for a society rotting from self-indulgence, greed, widening inequality, and financial entrepreneurship that builds nothing, improves nothing, creates nothing, and solves nothing, but merely moves money from one set of pockets to another.

— Robert Reich (@RBReich) January 28, 2021

Wayne Gretzky: Not a Risk-Taker

Wayne Gretzky Money Quote saying taking risks in the stock market is too much for some who are careful with their cash. Wayne Gretzky said:
 

 

“I just like to keep my money in the bank; I’m not a big risk-taker. I don’t know anything about the stock market… I stay away from things I don’t know anything about” — Wayne Gretzky

In this quote, Wayne Gretzky seems to be conveying his preference for a conservative financial approach. By stating that he likes to “keep my money in the bank” rather than take “big risks”, and that he “stay[s] away from things [he] don’t know anything about”, Gretzky implies he prefers the stability and security of traditional savings over speculative investments.

The quote portrays Gretzky’s perspective that when it comes to money matters, he is most comfortable maintaining liquidity through low-risk options rather than potentially volatile markets he does not fully understand. Overall, he appears to advocate sticking to financially conservative strategies within one’s risk tolerance and expertise rather than overextending beyond those boundaries in pursuit of higher returns.

Regis Philbin: Painful Stock Market

Regis Philbin Money Quote saying involvement in stock investing can be exciting sometimes and also cause pain. Regis Philbin said:
 

 

“I’m involved in the stock market, which is fun and, sometimes, very painful” — Regis Philbin

In this quote, Regis Philbin seems to be conveying his experience with the ups and downs of investing in the stock market. By describing it as “fun and, sometimes, very painful”, Philbin implies that while following market fluctuations and attempting to profit from them can provide excitement, it also inevitably leads to losses that are emotionally difficult.

The quote portrays Philbin’s perspective that participating in the stock market entertains him, but acknowledges it also introduces an element of risk that may result in financial setbacks and distress at times despite one’s best efforts.

Overall, Philbin’s comments suggest he appreciates the thrill of the market while also realistically understanding that investing comes with inevitable “painful” periods of decline that are part of long-term participation in the volatility of the securities industry.

Birthday: August 25, 1931 – Death: July 25, 2020

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